$POP MART(09992.HK) The business in this industry has been completely saturated. Whether it's Disney, Bandai, or Sanrio, their valuations are only slightly higher than those of steel and coal. I don't understand why they can maintain such valuations as market makers. I questioned this on Snowball before, and a bunch of mindless fans came to curse. After rambling on for a long time, they still couldn't come up with a convincing narrative of their own.
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